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The firm has announced a plan to open more retail sales space in China in 2019.
SPAR India opens 24th store.
SPAR India reaffirmed its commitment to India with the opening of its 24th store in Hyderabad. Located within the Sharath Capital City Mall, it is the fifth SPAR hypermarket in this city. This milestone also marks a growth by 50% of SPAR India’s store network within just 24 months.
Mr. Rajeev Krishnan, SPAR India’s Managing Director said, “Here in Hyderabad we are delighted to showcase our promise of fresh, value, choice and service through retail innovation.”
SPAR hypermarkets offer a wide range of groceries and everyday essentials in many major cities around India. Targeting affluent and middle-income families, it is known for its value and strong fresh offers.
Find out more information the SPAR India here.
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SPAR China continues to implement its Fresh Quality Store strategy as it expands its store network across the market.
SPAR International and local partner, SPAR Guangdong has opened a new supermarket in Dongguan. The store operates 1,300 sq m, carrying nearly 6,000 products. Half the assortment consists of fresh departments, with the retailer aiming to meet the growing demand for fresh products. The new store also carries a strong range of fresh nuts and natural oils to cater for shoppers changing habits for healthy products.
To speed-up payment, the new store features a self-checkout system and shoppers can use a mobile scan-and-pay app. With 412 stores nationwide, SPAR China will continue its strategic focus on fresh and network expansion across the nine provinces, autonomous regions, municipalities where it has presence.
SPAR International has entered Malta in partnership with the Azzopardi Group.
The first store opened yesterday (June 12) in Marsaxlokk, south-eastern Malta, with the next due to open in Silema.
A further three stores are due to open this year, while SPAR International and Azzopardi Group are targeting 23 stores by 2025. Nearly 75% of these new stores will be neighbourhood stores, although a small number of hypermarkets and supermarkets are also planned.
At 340m², the first store it offers ‘the new SPAR Bakery Concept, a delicatessen, a large range of fresh produce, a coffee offering, freshly packed fish and meats, as well as a large selection of SPAR Own Brand products’.
Tobias Wasmuht, Managing Director of SPAR International said, ‘With a significant international and tourist population which is already familiar with SPAR, Malta is a great market for SPAR to develop. This launch marks another significant milestone for SPAR strengthening our operations in Southern Europe and in the Eurozone aligned with our expansion strategy’.
Earlier this year, SPAR International entered Cyprus, Sri Lanka and Saudi Arabia, while it also re-entered Greece.
SPAR International has enjoyed ‘strong, continued growth’ in 2017, with sales rising 5.3%, on a constant currency basis, to €34.5 bn. SPAR International said its performance had benefited from its continued focus ‘to grow [its] presence through targeted expansion, and to drive retail development through expanding our multi-format retail strategy’.
In 2017, SPAR International continued to enter new countries in conjunction with new partners, while its existing retailers sustained the pace of their store expansion too. As a result, SPAR International said:
At a global level SPAR International said sales grew 5.3%, on a constant currency basis, while by region, it noted:
Discussing its 2017 performance, SPAR International’s chief executive, Tobias Wasmuht, said: “2017 was an extraordinary year of growth for SPAR Worldwide, with sustained growth across all 48 markets where SPAR operates. Our strategy launched in 2016 entitled ‘SPAR: Better Together’, is showing strong signs of benefitting our SPAR country operations internationally… A key focus throughout 2017 has been to grow our presence through targeted expansion, and to drive retail development through expanding our multi-format retail strategy. Operationally we are stronger as a result of investments in the supply chain and are generating more value through better buying and leveraging our growing scale in procurement.”
We've developed a single, universal methodology for calculating food and consumer goods retail data, supported by our programme of primary and secondary research. This makes Datacentre the most reliable and robust source available for data of this type.
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